Tue Jun 06 2023
This week the median list price for Saratoga, CA is $4,872,500 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$4,872,500|
|Median Price of New Listings||$5,624,944|
|Per Square Foot||$1,356|
|Average Days on Market||65|
|Median Days on Market||32|
|Strong Seller's Market|
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,749,000||5,509||1 - 2.5 acres||4||4.3||48||2||0||21|
|$5,969,500||4,299||0.5 - 1 acre||4||4.5||24||1||1||31|
|$4,093,500||3,300||1 - 2.5 acres||4||3.5||38||1||1||59|
|$3,073,000||2,172||0.25 - 0.5 acre||4||2.8||52||0||1||10|